The Nasdaq-100 (INDEXNASDAQ:NDX) continues to build out a medium-term Head & Shoulders Top pattern that began developing during December 2013′s Santa Claus rally. Aside from noting the dark irony of how that stupefyingly bullish phenomenon has been appropriated by a much larger bearish pattern, know from the start the H&S Top remains a potential pattern only, albeit with a clean […]
Deutsche BankChart 1.Volatility has returned to the markets, and growth stocks in information technology and health care have led the way down.The chart above, from Deutsche Bank strategist Keith Parker, shows the extent to which fund positioning has helped fuel the recent decline in the stock market.”Performance over the last month across stocks and sectors has been driven by position […]
Greece has been the epicenter of the eurozone debt crisis. And its ongoing economic depression is highlighted by the fact that a quarter of its workforce still lines up at the unemployment office.However, there are more and more signs that things are turning around in Greece. “Greece has been the most conspicuous example of the dramatic improvement in sentiment towards […]
Greece has been the epicenter of the eurozone debt crisis. And its ongoing economic depression is highlighted by the fact that a quarter of its workforce still lines up at the unemployment office.However, there are more and more signs that things are turning around in Greece. “Greece has been the most conspicuous example of the dramatic improvement in sentiment […]
JPMWe recently posted the latest slide deck from JPMorgan Asset Management, which has a number of charts relating to both the market and the economy. It’s a useful thing to flip through as Q2 gets under way.Two charts really stand out, as it pertains to the market. The above charts shows the S&P going back to 1997, and if you […]
Last November and again in February, some folks passed around a chart overlaying the stock market today with the stock market ahead of the 1929 crash.Initially seen as ominous, the chart was quickly defanged because of horribly distorted scaling by its author.Raymond James strategist Jeff Saut was among the experts dissecting the charts problems.In his new weekly Investment Strategy comment, […]
While I realize that fundamentals are important to investment success I also appreciate the relevance of technical analysis in gauging investor sentiment and in timing entry and exit points.From the technical point of view the market is in a strong bull trend and would appear to be poised to reach new highs. However, when I research into the fundamental reason […]
US Dollar gapping down relative to Japanese Yen.Carry trade will force massive margin calls on Hedge Funds that bought US stocks.This could be the 1929 crash scenario that has been advertised for the past weeks.8 bankers have committed suicide since 1st of year.George Soros bought $1.3Billion in S&P500 puts betting on a crash.Stay tuned for updates.http://johngaltfla.com/wordpress/wp-content/uploads/2014/03/JPY_USD_0302_1712ETjgfla.jpghttp://johngaltfla.com/wordpress/2014/03/02/03-02-stock-market-alert-risk-the-hell-off/?utm_source=FMN&utm_medium=twitterS&P500 Futures just opened.Gapped down […]
The S&P 500 has just fallen into negative territory after spending most of the day up nicely.Meanwhile, U.S. Treasuries are quickly regaining much of the ground lost earlier this morning, when risk sentiment was more in vogue.Some of the jitters may be on account of reports that Russia has sent troops into Ukraine’s Crimea region, but it appears that weakness […]
Better-than-expected economic data in the United States this morning have lifted stocks to new all-time highs as Treasuries slide, sending yields racing higher.The S&P 500 index is trading up 0.5% at 1862, a new intraday record high. 10-year U.S. Treasury futures, meanwhile, are 0.4% lower, and the yield on the 10-year note is 2.69%, 5 basis points below Thursday’s close.ISM-Chicago’s […]
